# Honeywell to acquire Transnorm from IK Investment Partners for €425M

IK Investment Partners agreed to sell Transnorm Group, a provider of conveyor automation for warehouses, to Honeywell International for approximately €425 million. Transnorm is headquartered in Harsum, Germany, with production sites in the US and Thailand.

- Type: Acquisition
- Announced: 2018-10-01
- Value: $490.0M (425.0M EUR)
- Status: announced
- Products: conveyor systems, automation technology for warehouses
- Sectors: [Material Handling](https://endata.com/sectors/material-handling.md), [Automation and Robotics](https://endata.com/sectors/automation-robotics.md)

## Companies

- [Honeywell International](https://endata.com/companies/1452.md) (acquirer)
- [IK Investment Partners](https://endata.com/companies/6575.md) (partner)
- [Transnorm](https://endata.com/companies/19099.md) (target)

## Sources

- [ikpartners.com](https://ikpartners.com/press-release/ik-investment-partners-to-sell-transnorm-to-honeywell/), 2018-09-30: "IK Investment Partners has reached an agreement to sell Transnorm Group to Honeywell International for approx. MEUR 425."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.